Questions
Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information...

Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company

The following information is available for Gonzalez Manufacturing Company for the month ending July 31, 2016:

Cost of goods manufactured $254,840
Selling expenses 85,130
Administrative expenses 45,000
Sales 542,210
Finished goods inventory, July 1 61,270
Finished goods inventory, July 31 55,850

For the month ended July 31, 2016, determine Gonzalez's (a) cost of goods sold, (b) gross profit, and (c) net income.

Labels & Amount descriptions

Finished goods inventory, July 1, 2016

Finished goods inventory, July 31, 2016

Sales

Selling Expenses

Cost of finished goods available for sale

Cost of goods manufactured

Cost of goods sold

Gross profit

Administrative expenses

Net Income

Less administrative expenses

Less Finished goods inventory, July 1, 2016

Less Finished goods inventory, July 31, 2016

  1. (a)

    Gonzalez Manufacturing Company
    Cost of Goods Sold
    July 31, 2016
    $
    $
    $

    (b)

    Gonzalez Manufacturing Company
    Gross Profit
    July 31, 2016
    $
    $

    (c)

    Gonzalez Manufacturing Company
    Net Income
    July 31, 2016
    $_________
    Operating expenses:
    $ ______
    ______
    Total operating expenses ______
    $______   

In: Accounting

Derive a finite-difference method for solving the non-linear parabolic equation using the Explicit Method Ut=v*Uxx-U*Ux Where...

Derive a finite-difference method for solving the non-linear parabolic equation using the Explicit Method

Ut=v*Uxx-U*Ux

Where v is the viscosity

In: Mechanical Engineering

Let U be a subset of a vector space V. Show that spanU is the intersection...

Let U be a subset of a vector space V. Show that spanU is the intersection of all the subspaces of V that contain U. What does this say if U=∅? Need proof

In: Advanced Math

Derive a finite-difference method for solving the non-linear parabolic equation using the Explicit Method Ut=v*Uxx-U*Ux Where...

Derive a finite-difference method for solving the non-linear parabolic equation using the Explicit Method

Ut=v*Uxx-U*Ux

Where v is the viscosity

In: Physics

How many total atoms are contained in 75 g of arsenic (V) arsenate? How many total...

How many total atoms are contained in 75 g of arsenic (V) arsenate? How many total ions are contained in 75 g of arsenic (V) arsenate?

In: Chemistry

Determine whether or not W is a subspace of V. Justify your answer. W = {p(x)...

Determine whether or not W is a subspace of V. Justify your answer.

W = {p(x) ∈ P(R)|p(1) = −p(−1)}, V = P(R)

In: Advanced Math

How many milliliters of a 1% w/v epinephrine injection must be used to prepare 20 mL...

How many milliliters of a 1% w/v epinephrine injection must be used to prepare 20 mL of an injection containing 1:200,000 w/v epinephrine?

In: Chemistry

Mitchell MD, Chivers DP, Brown GE, Ferrari MCO. 2016. Living on the edge: How does environmental...

Mitchell MD, Chivers DP, Brown GE, Ferrari MCO. 2016. Living on the edge: How does environmental risk affect the behavioural and cognitive ecology of prey? Anim Behav. 115: 185-192. Greig EI and Webster MS. 2014. How do novel signals originate? The evolution of fairy-wren songs from predator to display contexts. Anim Behav. 88: 57-65. Petrů M, Špinka M, Charvátová V, Lhota S. 2009. Revisiting play elements and self-handicapping in play: A comparative ethogram of five Old World monkey species. J Comp Psychol. 123(3): 250-263.

  1. What two studies examined proximate causes of behaviour? What evidence do the authors provide to support your answer?

  2. What two studies examined ultimate causes of behaviour? What evidence do the authors provide to support your answer?

  3. Which of the above (1 only) studies examines the evolution of a behaviour? What evidence do the authors provide to support your answer?

In: Biology

In writing the background for this weekend’s homework assignment, I realized that I didn’t need to...

In writing the background for this weekend’s homework assignment, I realized that I didn’t need to spend much time with the introduction of the company. Everyone knows Amazon, as a matter of fact, most of us shop on Amazon for many things that we use in our daily life. The company is one of the largest in the world and has over 500,000 employees. The CEO and founder of Amazon, Jeff Bezos, was interviewed at an awards ceremony in 2016 and this ten minute interview was recorded and posted on Youtube. The link appears below:

https://www.youtube.com/watch?v=F7JMMy-yHSU

As you listen to the ten or so guiding principles that Mr. Bezos describes as being at the core of Amazon’s success, please:

#1)Identify the top two with which you most identify. Explain the reasons for your selections.

#2) Refer to the descriptions of the four types of organizational cultures, which appear at the end of Chapter 3 in your textbook. Based on this interview, would you evaluate the Amazon culture as one that focuses on adaptability, achievement, involvement, or consistency? Explain the reasons for your selection.

In: Operations Management

The following economic transactions are drawn from a country's balance of payments for the 2016 in...

The following economic transactions are drawn from a country's balance of payments for the 2016 in US dollars billions.
i) Export of civilians goods.                             224.4
ii) imports of civilian goods                             368.7
iii) military sales abroad                                         8.9
iv) military purchase abroad                                     12.6
v) exports of service (investment income & fees earned, foreign tourism)                                         139.5
vi) import services (investment income paid out) 117.2
vii) Net unilateral transfers (gifts)                            15.7
viii) foreign private investments in home country 202.7
ix) Home country investments overseas        94.4
x) Foreign official lending in home country   34.7
xi) Home country lending overseas             1.9
xii) Net in home country official reserve   0.30

You are required to categorise the above transactions as either credit or debit in balance of payments account.

Develop the following:
1.Trade balance
2.Current account balance
3. Capital account balance
4. Official reserves balance
5. Indicate whether surplus/deficits balance in all the account balances.

In: Finance